Leasing a commercial property, what is normal rent review frequency? 2.5y too freq?

C

CARRIE.B

Registered User
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Hi,
Just wondering if anyone has any advice regarding rent reviews.

Looking at leasing a commercial property for 8 years with a oneway break clause after 2 years.

What is the normal time scale for a rent review to be set?

Landlord mentioned 2.5 years? Is this quite soon?
 
Normally five years . 2.5 yrs seems too soon but it shouldn't makwe too much difference -unless you think you have a really cheap deal in which case hold out for five years. If on the other hand you have got a so-so deal and rents keep falling you'll be annoyed at the five year term .

Mind you,if at any time you believe that the rent is excessively high compared to other shops there is now -or soon will be- a procedure in place that allows for arbitration at any time. Its complicated but is now much fairer for commercial tenants.
This is a new law and maybe other posters can clarify better what I mean.
 
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